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. Jaguar Land Rover has become the latest large carmaker to say it will stop launching new models solely powered by internal combustion engines, two months after Volvo pledged to do so. ... [Read full article on Guardian ]
Thursday 7th of September 2017 06:46:15 AM
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....On Friday, the ride-hailing behemoth Uber said all its cars in London would be fully electric or a plug-in hybrid by 2025. And with the Frankfurt motor show this week, we are guaranteed more commitments and more competition between carmakers over who is electrifying fastest. ... [Read full article on Guardian ]
Sunday 10th of September 2017 06:00:29 AM
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....The investment, which is also backed by £550,000 from the Welsh government, comes at a time when manufacturers face growing uncertainty over Brexit. It also comes as carmakers seek to develop eco-friendly vehicles ahead of a move to ban sale of diesel and petrol cars and vans in the UK from 2040. ... [Read full article on Guardian ]
Sunday 17th of September 2017 11:01:53 PM
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.... German cities plagued by air pollution, including Munich, home of BMW, are mulling over the banning of diesels from their centres. Internationally, the UK and France recently promised to ban sales of new petrol and diesel cars by 2040, while carmakers including Volvo and Jaguar Land Rover have raced to pledge electrification of their future models. ... [Read full article on Guardian ]
Friday 15th of September 2017 01:35:15 PM
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. Uncertainty over Brexit could jeopardise future investment in the UK by Toyota, a senior executive at the carmaker warned. ... [Read full article on Guardian ]
Tuesday 12th of September 2017 10:54:12 PM
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. Five more carmakers have launched scrappage schemes as the auto industry tries to kickstart the stuttering UK market by offering thousands of pounds off new, less polluting models. ... [Read full article on Guardian ]
Friday 1st of September 2017 05:16:48 PM
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Latest Finance News related to Carmaker

South Wales aluminium factory to manufacture low-emission taxi image
Source : Guardian [Read Article] Sunday 17th of September 2017 11:01:53 PM
....The investment, which is also backed by £550,000 from the Welsh government, comes at a time when manufacturers face growing uncertainty over Brexit. It also comes as carmakers seek to develop eco-friendly vehicles ahead of a move to ban sale of diesel and petrol cars and vans in the UK from 2040. ...
Driving force: are electric cars crowding out traditional engines? image
Source : Guardian [Read Article] Friday 15th of September 2017 01:35:15 PM
.... German cities plagued by air pollution, including Munich, home of BMW, are mulling over the banning of diesels from their centres. Internationally, the UK and France recently promised to ban sales of new petrol and diesel cars by 2040, while carmakers including Volvo and Jaguar Land Rover have raced to pledge electrification of their future models. ...
Toyota's future investment in UK 'at risk from Brexit uncertainty' image
Source : Guardian [Read Article] Tuesday 12th of September 2017 10:54:12 PM
. Uncertainty over Brexit could jeopardise future investment in the UK by Toyota, a senior executive at the carmaker warned. ...
Global shockwaves from electric cars will be here sooner rather than later image
Source : Guardian [Read Article] Sunday 10th of September 2017 06:00:29 AM
....On Friday, the ride-hailing behemoth Uber said all its cars in London would be fully electric or a plug-in hybrid by 2025. And with the Frankfurt motor show this week, we are guaranteed more commitments and more competition between carmakers over who is electrifying fastest. ...
Jaguar Land Rover to make only electric or hybrid cars from 2020 image
Source : Guardian [Read Article] Thursday 7th of September 2017 06:46:15 AM
. Jaguar Land Rover has become the latest large carmaker to say it will stop launching new models solely powered by internal combustion engines, two months after Volvo pledged to do so. ...
Five more carmakers launch UK scrappage schemes as sales falter image
Source : Guardian [Read Article] Friday 1st of September 2017 05:16:48 PM
. Five more carmakers have launched scrappage schemes as the auto industry tries to kickstart the stuttering UK market by offering thousands of pounds off new, less polluting models. ...
WPP faces worst year in a decade as advertisers cut spending image
Source : Guardian [Read Article] Wednesday 23rd of August 2017 06:50:30 AM
....”. Advertising and marketing spend by multinational companies is viewed as a bellwether for the global economy, which has enhanced Sorrell’s reputation as a commentator on economic growth given the presence of the consumer goods group Unilever and carmaker Ford on the WPP client list. ...
Chinese carmaker Great Wall looks at bidding for Fiat Chrysler image
Source : Guardian [Read Article] Monday 21st of August 2017 09:27:46 AM
....”. Earlier on Monday, two sources said Great Wall had asked for a meeting with FCA, with the aim of making an offer for all or part of the world’s seventh-largest carmaker. ...
Diesel scandal is a risk to German economy, says ministry image
Source : Guardian [Read Article] Monday 21st of August 2017 03:37:43 AM
. The emissions scandal ensnaring German carmakers is a risk to Europe’s largest economy, the finance ministry said on Monday. ...
Telit Communications chief fired after fraud allegations image
Source : Guardian [Read Article] Monday 14th of August 2017 11:30:14 AM
.... A spokesman for Aim declined to comment. Earlier this year, the company boasted that it had secured an order from the electric carmaker Tesla. ...
Angela Merkel rival takes aim at German car chiefs image
Source : Guardian [Read Article] Sunday 13th of August 2017 05:02:27 PM
....On Saturday, Merkel kicked off her re-election campaign with a stinging attack on German car chiefs, pressing them to innovate better to secure jobs, and win back trust lost thanks to the diesel emissions scandal. Merkel, whose government has faced pressure for being too close to powerful carmakers, and Schulz are both concerned that the industry is being too slow to embrace electric cars. ...
The rise of electric cars could leave us with a big battery waste problem image
Source : Guardian [Read Article] Thursday 10th of August 2017 08:15:27 AM
.... But there is an unanswered environmental question at the heart of the electric car movement: what on earth to do with their half-tonne lithium-ion batteries when they wear out?. British and French governments last month committed to outlaw the sale of petrol- and diesel-powered cars by 2040, and carmaker Volvo pledged to only sell electric or hybrid vehicles from 2019. ...
Carmakers accused of 'clutching at straws' over retrofitting polluting diesels image
.... They have been under pressure since the diesel emissions scandal two years ago exposed how VW and – it is suspected – other manufacturers have been cheating the testing regime. The pressure on carmakers further increased last week when a court in Stuttgart – one of the country’s pollution hotspots – upheld a plan to ban older diesel cars from the city. ...
Amazon founder Jeff Bezos – briefly – becomes world's richest man image
Source : Guardian [Read Article] Thursday 27th of July 2017 04:20:59 PM
....According to a real-time billionaires index compiled by Forbes, the rise pushed the value of Bezos’s fortune to $91bn (£69bn) – compared with Gates’ wealth of $90bn. Their riches are calculated on the share prices of their respective companies and at the current values Bezos’s stake is twice as big as carmaker Ford. ...
Carmakers say fossil-fuel vehicle ban will dent industry and stall sales image
Source : Guardian [Read Article] Wednesday 26th of July 2017 03:15:14 PM
....Britain’s car industry has warned that the government’s proposed ban on sales of new petrol and diesel cars by 2040 risks damaging the industry and stalling sales of new cars. Mike Hawes, chief of executive of the Society of Motor Manufacturers and Traders trade body, said that carmakers were working with ministers on the switch to electric cars but called for the government to use carrots rather than sticks. ...
VW calls crisis meeting to discuss EU cartel inquiry, source says image
Source : Guardian [Read Article] Monday 24th of July 2017 01:46:00 PM
. The whiff of scandal around the German car manufacturing industry may be set to intensify, as Volkswagen prepares to hold a top-level meeting to discuss allegations that carmakers colluded to bring down the cost of components – including some used to control diesel emissions. ...
Banks and companies plan expansion in Frankfurt after Brexit image
Source : Guardian [Read Article] Friday 21st of July 2017 05:53:07 PM
....The disadvantages are “much bigger for the British but they will have impacts on the EU as a whole”, she said, referring to the end of British payments to the EU budget and the UK’s “enriching” contribution to EU politics. Puttrich, a member of the ruling CDU party, gave short shrift to the idea the UK could get special help because it might suit German carmakers. ...
Electric cars to account for all new vehicle sales in Europe by 2035 image
Source : Guardian [Read Article] Thursday 13th of July 2017 11:33:41 AM
....All new cars sold in Europe will be electric within less than two decades, driven by government support, falling battery costs and economies of scale, a Dutch bank has predicted. However, ING warned that with battery-powered vehicles accounting for 100% of registrations in 2035 across the continent, European carmakers would lose out to their rivals in the US and Asia who already lead on battery production. ...
France to ban sales of petrol and diesel cars by 2040 image
Source : Guardian [Read Article] Thursday 6th of July 2017 01:20:06 PM
....” Hulot added that the move was a “veritable revolution”. He said it would be a “tough” objective for carmakers but France’s industry was well equipped to make the switch. ...
Japan and EU expected to sign trade deal on Thursday image
Source : Guardian [Read Article] Thursday 6th of July 2017 05:46:17 AM
....The deal means Japan will drop tariffs on many valuable European imports, including chocolate, pasta and some types of cheese. In return for liberalisation of Japan’s highly protected dairy market, Europe has compromised by agreeing to lower tariffs on Japanese imported cars, although new rules will be phased in to help European carmakers deal with the change. ...
Volvo signals carmakers' growing confidence in an electric future image
Source : Guardian [Read Article] Wednesday 5th of July 2017 05:31:24 PM
....Volvo’s decision to exclusively build electrified or hybrid cars is the beginning of the end of the company’s relationship with fossil fuels, according to one motoring organisation. One Swedish carmaker starting down the road to a zero emissions future will not solve global warming alone. ...
Vauxhall takeover by PSA given go-ahead image
Source : BBC [Read Article] Wednesday 5th of July 2017 03:53:20 PM
....In 2016 it lost $257m (£206m), making it the 16th consecutive loss-making year for GM in Europe, bringing its cumulated losses on the continent since 2000 to more than $15bn. The deal will mean that Peugeot becomes Europe's second-biggest carmaker, after Volkswagen. ...
All Volvo cars to be electric or hybrid from 2019 image
Source : Guardian [Read Article] Wednesday 5th of July 2017 09:25:25 AM
....He said the company was reacting to customers who had asked for electric cars, though the move will also help the Swedish firm meet legally-binding carbon targets for new cars sold in the EU from 2020. The carmaker, owned by Chinese automotive giant Geely, has yet to build a single fully electric car but already sells five plug-in hybrid models that can run a few dozen miles on battery power before switching to a conventional engine. ...
Tesla boosted ahead of Model 3 electric car launch image
Source : BBC [Read Article] Monday 3rd of July 2017 03:11:07 PM
....Mr Musk has previously said his goal is to produce about 500,000 vehicles a year once production is at full capacity. Earlier this year, Tesla overtook General Motors and Ford as the most valuable US carmaker, even though it only built 84,000 cars in 2016. ...
Ron Dennis to cut ties with McLaren board in £275m deal image
Source : Guardian [Read Article] Friday 30th of June 2017 03:53:40 PM
....Ron Dennis has severed ties with McLaren, stepping down from the board of the motor sport and technology companies he built up over 37 years. The former chairman and chief executive of the British Formula One carmaker will sell his shareholdings in a transaction valued at about £275m. ...
UK car output fell 10% in May, says SMMT image
Source : BBC [Read Article] Thursday 29th of June 2017 08:48:04 AM
....However, in May 2016 output had risen by more than 26% to the highest total for the month in more than a decade. The SMMT said carmakers were now set to ramp up production of new models, with exports the main driver of demand. ...
Brexodus has begun. We EU nationals know staying on is too big a gamble | Joris Luyendijk image
.... It is also not just that EU nationals have morphed from afterthought to “bargaining chips” to be traded in the negotiations with the EU for, say, a better fishing quota. We knew where we stood when Theresa May’s government rushed to provide secret assurances to foreign carmakers based in the UK but left us hanging. ...
Exporters are wise to start preparing for a hard Brexit image
Source : Guardian [Read Article] Saturday 24th of June 2017 04:05:04 PM
....The investment plans of Jaguar Land Rover are unlikely to be an isolated reaction to Brexit. Last week the carmaker revealed amid a fanfare of publicity that it would be hiring 5,000 extra engineers and, with less fanfare, that it would begin work on its next-generation electric car in Austria. ...
Latest diesel car models remain highly polluting, tests show image
Source : Guardian [Read Article] Friday 23rd of June 2017 10:33:14 AM
.... The most polluting of the new 2017 models tested are Land Rover Discovery, Maserati Quattroporte and Suzuki Vitara models, though all meet current legal standards. The current official test for NOx emissions from diesel cars is laboratory-based, and carmakers have adapted their vehicles to pass this while emitting far more NOx in real-world driving. ...
Jaguar Land Rover to recruit 5,000 staff after record year of sales image
Source : Guardian [Read Article] Sunday 18th of June 2017 04:50:45 PM
....Jaguar Land Rover has unveiled plans to recruit 5,000 new engineers over the next year in a boost for British industry as the Brexit talks begin. The carmaker has just enjoyed a record year of sales bolstered by demand for luxury cars in China and North America, and needs thousands of new recruits, predominantly in the UK, to help develop new models, including electric cars. ...
Apple chief: driverless car venture is ‘the mother of all AI projects’ image
....”. Referring to reports that Apple had attempted to form alliances with two German carmakers, Hodgson added: “In addition, previous talks with BMW and Daimler allegedly broke down over data protection and control. ...
The strange death of strikes in Britain image
Source : Guardian [Read Article] Saturday 3rd of June 2017 06:00:46 AM
.... Others say reduced militancy is about the restructuring of the economy; although miners, dockers, shipbuilders and car workers made up only about 5% of union membership in the 1960s and 70s, they accounted for up to half of all strikes. Those industries, bar the carmakers, have all but disappeared. ...
EU moves to crack down on carmakers in wake of VW emissions scandal image
. The European Union has moved towards cracking down on carmakers who cheat emissions tests by giving the EU executive more powers to monitor testing and impose fines. ...
Aston Martin roars back into profit as DB11 revs up sales image
Source : Guardian [Read Article] Wednesday 24th of May 2017 05:41:58 PM
. Demand for Aston Martin’s first all-new model for a decade – the flagship DB11 coupe – helped the luxury carmaker to double revenues in the first quarter, as it seeks to recover from six years of losses. ...
British sports car maker Lotus bought by China's Geely image
Source : BBC [Read Article] Wednesday 24th of May 2017 11:28:43 AM
....The purchase is part of a deal by Geely to buy a 49. 9% stake in Malaysian carmaker Proton, which owns Lotus. ...
Not just Bitcoin... image
Source : BBC [Read Article] Wednesday 24th of May 2017 09:07:22 AM
...."There's a number of people from family offices [and] private equity firms - they're making small bets and when you add that type of liquidity to the market, that's going to drive the price up," says Mr Crosby. This year's Consensus conference drew some big corporate names, such as insurer State Farm, carmaker Toyota, and consulting firm Deloitte. ...
'Nothing we could do' image
Source : BBC [Read Article] Tuesday 23rd of May 2017 11:00:17 PM
...."That is when the auto industry started to flourish. Now almost every single carmaker in the world is present in Mexico," Mr Heath says. ...
US accuses Fiat Chrysler of using 'defeat devices' image
Source : BBC [Read Article] Tuesday 23rd of May 2017 07:28:10 PM
....FCA has been accused of fitting software to its cars which wasn't disclosed to regulators, and which made emissions control systems perform in a different way on the road to how they worked in the laboratory. BUT - carmakers do use a variety of software to regulate emissions control systems, to ensure that they only work at the correct temperature, for example. ...
Jaguar Land Rover posts record sales thanks to demand in China and US image
....Jaguar Land Rover has been held up by ministers as a poster child for British manufacturing, and is one of the UK’s largest exporters, with about 80% of revenue generated from cars sold abroad. Over the past six years, the carmaker owned by India’s Tata has doubled sales and employment, more than tripled turnover, and invested more than £15bn. ...
German police raid Daimler offices image
Source : BBC [Read Article] Tuesday 23rd of May 2017 02:02:06 PM
. German police have searched 11 offices of carmaker Daimler as part of their investigation into possible fraudulent emissions data by employees. ...
Ford names Jim Hackett as new CEO in push to build self-driving cars image
....Ford has named the head of its driverless cars division as its chief executive in a sudden regime change, as the company that pioneered the assembly line looks to the next stage of the industry’s evolution. The Detroit-based carmaker said Mark Fields, who has run the company since July 2014, was retiring with immediate effect amid an overhaul of senior management. ...
Ford chairman denies that he fired chief executive image
Source : BBC [Read Article] Monday 22nd of May 2017 07:20:07 AM
.... . Last week, the carmaker said it planned to cut 10% of its salaried workforce in North America and Asia Pacific this year, on a voluntary basis. ...
German business leaders urge Tories to rethink plan to leave single market image
....Business leaders in Europe’s biggest economy are instead calling on Conservatives to rethink their commitment to leaving the single market, even though the party has doubled down on this promise in its election manifesto. David Davis and Boris Johnson have repeatedly cited likely pressure from German exporters, such as carmakers, as a reason for thinking they can persuade European negotiators to maintain free trade access after Britain leaves. ...
GM to stop making cars for Indian market image
Source : BBC [Read Article] Friday 19th of May 2017 05:19:34 AM
....GM puts $1bn India plan 'on hold'. The US carmaker said it would stop selling cars in South Africa, and sell its manufacturing business there to Isuzu Motors. ...
Tesla factory workers reveal pain, injury and stress: 'Everything feels like the future but us' image
.... His company says its factory safety record has significantly improved over the last year. Musk also said that Tesla should not be compared to major US carmakers and that its market capitalization, now more than $50bn, is unwarranted. ...
Ford looks to cut 1,400 jobs image
Source : BBC [Read Article] Wednesday 17th of May 2017 07:22:17 PM
....Car giant Ford will offer voluntary retirement and other financial incentives to some 15,000 workers in a bid to cut 1,400 jobs in North America and Asia. The downsizing comes as the US carmaker faces weak sales and declining profits. ...
Ford 'set to shed 10% of workforce' image
Source : BBC [Read Article] Tuesday 16th of May 2017 07:39:31 AM
....Ford employs around 200,000 people, with half of them in North America. In March, the carmaker announced that it would spend $1. ...
WannaCry ransomware cyber-attacks slow but fears remain image
Source : BBC [Read Article] Monday 15th of May 2017 10:38:57 AM
....The badly affected National Health Service said seven out of 47 trusts that were hit were still facing serious issues. French carmaker Renault said its plant in the northern town of Douai would not reopen on Monday as it dealt with the cyber-attack. ...
Lyft strikes self-driving deal with Google's Waymo image
Source : BBC [Read Article] Monday 15th of May 2017 08:23:51 AM
.... It said this arrangement will not be affected by the new deal with Waymo. Other companies working on driverless technology include Tesla and Apple, as well as a number of Chinese technology firms and most US, European and Asian carmakers. ...
Microsoft warns ransomware cyber-attack is a wake-up call image
Source : BBC [Read Article] Sunday 14th of May 2017 10:14:59 PM
....In England, 48 National Health Service (NHS) trusts reported problems at hospitals, doctor surgeries or pharmacies, and 13 NHS organisations in Scotland were also affected. Other organisations targeted worldwide included Germany's rail network Deutsche Bahn, Spanish telecommunications operator Telefonica, French carmaker Renault, US logistics giant FedEx and Russia's Interior Ministry. ...
Toyota 'backs flying car project' in Japan image
Source : BBC [Read Article] Sunday 14th of May 2017 10:33:46 AM
. Japanese carmaker Toyota has announced its backing for a group of engineers who are developing a flying car. ...
Cyber-attack: Europol says it was unprecedented in scale image
Source : BBC [Read Article] Saturday 13th of May 2017 03:46:13 PM
....In Germany, the federal railway operator said electronic boards had been disrupted; people tweeted photos of a ticket machine. France's carmaker Renault was forced to stop production at a number of sites. ...
Whistleblower sparks Hyundai and Kia recall of 240,000 cars image
Source : BBC [Read Article] Friday 12th of May 2017 05:37:45 AM
. The South Korean government has ordered carmakers Hyundai and Kia Motors to recall about 240,000 cars, after a tip off from a whistleblower. ...
Nissan reports jump in annual profits image
Source : BBC [Read Article] Thursday 11th of May 2017 07:55:47 AM
....Nissan has seen annual profits jump 27%, boosted by better sales in China, the US and Europe. Japan's second biggest carmaker had net profits of 663. ...
Toyota suffers first profit fall in five years image
Source : BBC [Read Article] Wednesday 10th of May 2017 06:59:07 AM
....Toyota has warned next year's profits will be even lower, due to the strength of the Japanese currency. The carmaker's prediction is based on a forecast that the yen will average around 105 to the US dollar in the year through to March 2018, compared with 108 yen in the last financial year. ...
Breaking brands image
Source : BBC [Read Article] Saturday 6th of May 2017 11:46:31 PM
....VW has so far agreed to pay about $25bn (£19bn) to address US claims from owners, regulators, states and dealers - and it is under increasing pressure to pay up in other countries, too. Yet this public relations disaster has not stopped VW from overtaking Toyota as the world's largest carmaker, and nor has it permanently hit its profit-making abilities. ...
Volkswagen Group profits soar after cost cuts image
Source : BBC [Read Article] Wednesday 3rd of May 2017 10:41:07 AM
Brexit: UK carmakers 'sitting on their hands' rather than investing image
Source : Guardian [Read Article] Thursday 27th of April 2017 03:37:30 PM
. Britain’s carmakers have warned that they do not believe a trade deal with the EU will be struck within the next two years and are “sitting on their hands” rather than investing in the UK. ...
Diesel vehicles important for UK economy, says industry image
Source : BBC [Read Article] Monday 24th of April 2017 11:39:01 PM
.... . Diesel vehicles have been under attack since revelations that carmakers falsified emissions data. ...
General Motors loses Supreme Court appeal over car faults image
Source : BBC [Read Article] Monday 24th of April 2017 09:06:53 PM
....General Motors has lost a legal bid aimed at protecting it from lawsuits over faulty ignition switches. The US Supreme Court, the top US court, will not hear the carmaker's appeal, which argued that its 2009 bankruptcy protected it from the claims. ...
Can China's electric cars kill off petrol? image
Source : BBC [Read Article] Thursday 20th of April 2017 11:13:26 PM
....China is the world's biggest car market - and Beijing is keen for more electric vehicles to help cut pollution. So how are three big carmakers going about cracking China?. ...
Related to :
BMW strike halts Mini car production image
Source : BBC [Read Article] Wednesday 19th of April 2017 09:08:17 AM
....Workers at three BMW plants in the UK are staging a one-day strike in a row over pensions. The walkout, the first by BMW staff in Britain, is part of a wave of stoppages at the carmaker over the closure of a final-salary pension scheme. ...
Baidu to share self-drive car technology image
Source : BBC [Read Article] Wednesday 19th of April 2017 05:25:16 AM
....The firm predicted that the move would help drive the development of autonomous vehicles. Called Apollo, the project will make a range of software, hardware and data services available to others, especially carmakers. ...
Services matter image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:13:46 PM
....Much of the debate has focused on trade in goods. Will there be tariffs on British exports to the EU and vice versa? President Trump has threatened carmakers with a "border tax" if they expand operations in Mexico. ...
Sparks fly on Wall Street over Tesla’s current valuation image
Source : Guardian [Read Article] Saturday 15th of April 2017 03:00:05 PM
. Tesla, the electric carmaker, briefly became America’s most valued auto manufacturer last week when a surge in its share price saw it roar past General Motors. ...
Trade agenda image
Source : BBC [Read Article] Thursday 13th of April 2017 11:17:15 PM
....He has said that Nafta was the worst trade deal the US has ever done, that it kills American jobs. How would he like to change it? He has threatened a number of carmakers with "border taxes" (that is tariffs) if they expand production in Mexico for export to the US market. ...
Tesla board 'too close to Elon Musk' image
Source : BBC [Read Article] Wednesday 12th of April 2017 09:01:58 PM
. A group of Tesla shareholders has questioned the independence of the electric carmaker's board, warning it is too close to boss and co-founder Elon Musk. ...
How Uber conquers a city in seven steps image
Source : Guardian [Read Article] Wednesday 12th of April 2017 03:19:57 PM
.... “The lease terms are awful – you could buy the car for what they are being leased for, or maybe even less,” said Greg McBride, a financial analyst who looked at the figures for the Associated Press. In response, Uber said the program offered weekly rentals, flexible leases, traditional leases and purchase discounts through some carmakers. ...
Self-driving cars will only work when we accept autonomy is a myth image
Source : Guardian [Read Article] Friday 7th of April 2017 08:00:05 AM
.... They will start demanding that, for reasons of public safety, infrastructure must be upgraded, at huge public cost, in order to become machine-readable. Self-driving, particularly in built-up areas, should proceed on cities’ terms rather than carmakers’. ...
Advertising fail image
Source : BBC [Read Article] Thursday 6th of April 2017 01:57:06 PM
.... Last year, a company in China used it to promote a laundry detergent. The US carmaker was forced to issue an apology over a poster that featured three gagged and bound women in the boot of a car. ...
Tesla charges ahead to overtake Ford in market value image
Source : Guardian [Read Article] Tuesday 4th of April 2017 01:31:56 PM
....As Wall Street closed for the day, Tesla, led by 45-year-old tycoon and futurist Elon Musk, was worth $49bn (£38bn), compared with a paltry $46bn for the empire built by Henry Ford. This astonishing overtaking manoeuvre says as much about the nature of stock markets as it does about these two very different carmakers. ...
Congested, polluted and with car jobs at risk, Stuttgart reaches a crossroads image
. For the three young Porsche technicians joshing around in their tea break outside one of the carmaker’s assembly lines in Stuttgart, life seemed good last week. ...
UK businesses welcome May's free trade call but warn of no-deal Brexit disaster image
....Concerns have been rising among businesses in recent weeks that the UK could be heading towards a hard Brexit that would mean paying World Trade Organisation tariffs of about 5% on imports and exports with Europe. The EEF, the manufacturers’ organisation, said on Wednesday that leaving the EU without a deal and falling back on WTO rules “cannot be an option” while carmakers said Brexit could be the most significant threat to competitiveness of the UK automotive sector for a generation. ...
China's Tencent buys 5% stake in Tesla image
Source : BBC [Read Article] Tuesday 28th of March 2017 02:30:31 PM
Up in smoke: the VW emissions  ‘fix’ has left our car undriveable image
Source : Guardian [Read Article] Saturday 25th of March 2017 07:00:03 AM
....3bn (£3. 5bn) in civil and criminal penalties in the US, but in the UK the government has not taken the carmaker to court over the scandal. ...
London Taxi Company's new Ansty Park plant opens in Coventry image
Source : BBC [Read Article] Wednesday 22nd of March 2017 07:04:13 AM
....The London Taxi Company's (LTC) Ansty Park site in Coventry is the home of its new electric taxi, the TX5. Administrators were called into LTC in 2012 before Chinese carmaker Geely bought the business the following year. ...
Fiat Chrysler diesel emissions investigated in France image
Source : BBC [Read Article] Tuesday 21st of March 2017 08:12:41 PM
....But FCA added that its diesel cars fully complied with emissions rules. The move by French prosecuting magistrates comes after revelations in 2015 that German carmaker Volkswagen broke diesel tests in the US. ...

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